---
title: "China Manufacturing PMI Slips Back Into Contraction"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274371278.md"
description: "China’s official NBS Manufacturing PMI fell to 49.3 in January 2026 from 50.1 in the previous month, missing market estimates of 50.The latest result reflected a loss of momentum in factory activity at the start of the year due to subdued demand conditions and cautious business sentiment."
datetime: "2026-01-31T01:51:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274371278.md)
  - [en](https://longbridge.com/en/news/274371278.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274371278.md)
---

# China Manufacturing PMI Slips Back Into Contraction

China’s official NBS Manufacturing PMI fell to 49.3 in January 2026 from 50.1 in the previous month, missing market estimates of 50.

The latest result reflected a loss of momentum in factory activity at the start of the year due to subdued demand conditions and cautious business sentiment.

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